quote:have credit? or have good+ credit?
Pilot, how important is it for my girlfriend (plan on getting married with next couple years) to have credit? By that time, I will have good credit. Getting started now.
Is it important at all for her to have credit?
quote:unless you have a trust fund somewhere with millions of dollars, I would say it's extremely important to have good credit.
She's 21. I'm 20. Will get married after college. Ill have good credit.
Is it important for her to have credit / good credit? (Either or).
I'm writing this in desperation and I hope you can help. I have been a Chase customer since I was 16 years old. I have enjoyed doing business with Chase so much that I decided to get my first mortgage through you all. That said, last January I made the biggest financial mistake of my life to date. I wanted to take my wife on an overnight trip and as a surprise, I put the hotel cost on my rarely used credit card. I very rarely used this card and I forgot to pay the balance. Now, I could have easily scrolled down on chase.com and transferred the $109 I owed from my checking account to this card but since I used it so little, it never occurred to me. What I thought were my normal monthly statements in the mail were actually late notices. Being that I did my banking online, I immediately shreded them. I have talked to multiple customer service representatives that say they called and left messages for me as well. Problem was, they had the wrong phone number in their database so I was not receiving these notices. As soon as I noticed this, I paid the balance on the card. It was too late, though, as the payment had been late for over 6 months.
All in all, this $109 charge for a hotel room has brought my perfect credit score down to 678 and that is after nearly a year's time of paying everything on time. This is literally the only financial mistake I have ever made and it's costing me tremendously. To Chase's credit, the late fees were all waved and the balance was paid immediately. I would have gladly paid those charges if it would have prevented my credit from taking such a hit. Now, my wife and I are looking at homes and I'm afraid I will have a tremendously hard time getting approved for a low interest mortgage with this hanging over my head.
My question to you all is this: Is there anything at all you can do to help me get this blemish off of my credit report? I would greatly appreciate your replies and I look forward to hearing your advice on this matter.
quote:does she work?
Right. I guess my question is can everything be in my name?
quote:there are always ways to escalate it further
Just got a call from Chase executive office and it was the same damn lady that has called me before when I tried to beg last time. She basically told me I might as well quit trying because it's not coming off.
I think we are going to move in another direction, anyway. We are thinking of putting $10,000 into a 2nd bathroom/walk in closet. If we do this, we can live comfortably in this house for another 4-5 years, all while paying $670 a month, and saving for a 20% down payment on a $300,000 house by the time we are 30-31 years old. By that time, we'll have 4 more years of student loans and we'll be on our way. Thoughts?
Question is, although I'd like to put down the 20%, what are my other options? If I put down 10%, how much will I be paying on PMI? Once I hit 20%, will the PMI automatically fall off?